Paymentus Q2 2026 Revenue Jumps 29% to $360.7M, Net Income Up 74%
PAY sits 70% above its 52-week low of $20.11.
Summary
Paymentus reported Q2 2026 revenue of $360.7 million (+28.8% YoY) and net income of $25.6 million (+73.8% YoY), with strong transaction growth and expanding margins. The 10-Q provides full financial details and management's discussion.
Key Events · Earnings and Guidance · PAY
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Revenue Up 28.8% to $360.7M
Driven by a 21.4% increase in transactions processed to 213.4 million, Q2 2026 revenue reached $360.7 million, reflecting new biller implementations and higher volumes from existing clients.
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Net Income Surges 73.8% to $25.6M
Net income grew to $25.6 million from $14.7 million a year ago, with diluted EPS of $0.20 versus $0.11, benefiting from operating leverage and higher interest income.
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Adjusted EBITDA Jumps 54% to $48.8M
Adjusted EBITDA rose to $48.8 million, with margin expansion as revenue growth outpaced operating expense increases, demonstrating the scalability of the platform.
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Strong Balance Sheet with $377.7M Cash
Cash and cash equivalents stood at $377.7 million as of June 30, 2026, with no debt, providing ample liquidity for operations and investments.
Analysis · PAY · Trade & Services
A standout second quarter saw revenue climb 28.8% year-over-year to $360.7 million, while net income surged 73.8% to $25.6 million. Transaction volume expanded 21.4% to 213.4 million, fueled by new biller implementations and heightened activity from existing clients. Operating leverage was evident as adjusted EBITDA rose 54% to $48.8 million, with expenses growing at a slower pace than revenue. The balance sheet remains robust, holding $377.7 million in cash and no debt. Although the results were largely pre-announced in the same-day 8-K, the 10-Q delivers the full financial statements, MD&A, and detailed footnotes, giving investors a complete picture of the quarter's performance and the company's financial health.
At the time of this filing, PAY was trading at $34.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $20.11 to $39.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.